Look At The Humongous Amounts Of Money US Tech Companies Stash Overseas To Avoid Taxes

But, it turns out, the two most vocal proponents concerning the tax rules that incentivize companies to avoid moving cash into the U.S., Cisco and Apple, aren't even the ones with the biggest stashes.

Microsoft's pile of foreign cash is way bigger.

A lot of the money sitting overseas was earned overseas, but some of it is put there through accounting methods to avoid U.S. taxes, a situation that Congress has recently been investigating. If these companies want to spend that money in the U.S. to make an acquisition or hire a bunch of new employees, Uncle Sam wants to take a 35% cut.

Cisco's CEO John Chambers and Apple's CEO Tim Cook have been trying to get Congress to change the rules, asking for a lower tax rate or even no taxes at all.